BancorpSouth to decline bailout funds
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ADVERSTISMENT
TUPELO, Miss. — BancorpSouth Inc. has announced it will not apply for federal bailout funds.
Aubrey Patterson, chairman and CEO of BancorpSouth, said Monday in a press release that it was in the best interest of shareholders to continue with a conservative capital management plan without adding government capital.
The Tupelo-based financial institution posted 11.82 percent in total risk-based capital in the third quarter ending Sept. 30.
BancorpSouth has about $13.3 billion in assets and operates 300 commercial banking, mortgage, insurance, trust and broker/dealer locations in Alabama, Arkansas, Florida, Louisiana, Mississippi, Missouri, Tennessee and Texas.
This article was published November 17, 2008 at 1:04 p.m.SITE INDEX
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